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Metsera (NASDAQ:MTSR) Stock Price Up 6.4% - Here's Why

Metsera logo with Medical background

Metsera Inc. (NASDAQ:MTSR - Get Free Report)'s share price traded up 6.4% on Wednesday . The company traded as high as $27.05 and last traded at $27.01. 188,103 shares traded hands during trading, a decline of 79% from the average session volume of 905,464 shares. The stock had previously closed at $25.38.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on MTSR shares. Bank of America started coverage on shares of Metsera in a report on Tuesday, February 25th. They set a "buy" rating and a $38.00 price objective on the stock. Cantor Fitzgerald started coverage on shares of Metsera in a report on Tuesday, February 25th. They set an "overweight" rating on the stock. Wells Fargo & Company started coverage on shares of Metsera in a report on Friday. They set an "overweight" rating and a $65.00 price objective on the stock. Evercore ISI started coverage on shares of Metsera in a report on Tuesday, February 25th. They set an "outperform" rating on the stock. Finally, Guggenheim upped their target price on shares of Metsera from $56.00 to $62.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $55.00.

Read Our Latest Report on Metsera

Metsera Trading Up 6.8%

The business's 50 day moving average price is $25.70.

Metsera (NASDAQ:MTSR - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported ($1.03) earnings per share for the quarter.

Institutional Trading of Metsera

Large investors have recently added to or reduced their stakes in the company. Strs Ohio bought a new stake in shares of Metsera during the first quarter valued at approximately $76,000. New York State Common Retirement Fund bought a new position in Metsera in the 1st quarter worth approximately $131,000. Corebridge Financial Inc. acquired a new position in Metsera during the 1st quarter worth $206,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Metsera in the 1st quarter valued at $248,000. Finally, MetLife Investment Management LLC acquired a new stake in shares of Metsera in the 1st quarter valued at $254,000.

About Metsera

(Get Free Report)

Metsera, Inc is a clinical stage biopharmaceutical company, which engages in the development of a next-generation injectable and oral nutrient stimulated hormone, or NuSH, analog peptides to treat obesity, overweight and related conditions. Its product pipeline includes MET-097i, MET-233, and MET-224o.

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